FBS

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Summary

Financial Brokerage Services, also known as FBS, has 2 branches. The regulatory mechanisms of these firms will help you to find an answer to the question of  “Is FBS reliable?”

FBS CY – Cyprus-based, controlled by the Cyprus Securities and Exchange Commission (CySEC). License No: HE 353534
FBS BZ – based in Belize, supervised by the International Financial Services Commission of Belize (IFSC). License Number: 60/230 / TS / 18


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Trading Accounts

FBS contains 5 account types according to your country

  1. Standard Account
  2. Cent Account
  3. Micro Account
  4. Zero Spread Account
  5. ECN Account
Account types & Features


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Registering an Account

You can apply for an account if you do not live in the following countries; Islamic Republic of Iran, Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia and Israel. If you live in the EU region, you will encounter some limitations as a result of updates to EU zone companies. In these countries you can choose either the standard account or the cent account, your leverage is limited to a maximum of 1:30. As with all brokers, you need to fill in some information about yourself to open a real account.

  • Fill in your personal information such as e-mail address, date of birth, address, etc.
  • Select the base currency for your account, platform, and account type.
  • Verify your address and identity documents. You need to verify your identity with an official ID or passport. You can verify your address with an invoice (electricity, water, natural gas, etc.), which includes your address.
    FBS will notify you once your documents are reviewed.

Open an Account


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Deposit and Withdrawal

FBS does not charge commissions for deposits and withdrawals, and even covers the commissions that you pay to your bank for the transactions. You can see all transfer options in the features section below. Deposit transactions are completed on the same day, withdrawals are completed in a few days.


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Trading Platforms

FBS supports only Metatrader platform and its mobile versions. You can use MT4 or MT5, as well as mobile versions of both programs on your phone or tablet.


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Products, Spread and Commissions

We can say that FBS is slightly weak compared to its rivals in terms of number of tradeable products. When we evaluate the spreads, it is possible to say that they are medium. The column marked with the exclamation mark is the amount of spread over the point value (10 point = 1 pips). Image was obtained in the first hours of the visual London session, giving a good idea of the average spread rates throughout the day.

TRADEABLE PRODUCTS AND SPREADS


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Bonuses

The active promotions offered during the review period are as follows. Promotions may vary depending on customer localization.

  • Trade 100 Bonus ($100 Bonus for new accounts. * Terms apply)
  • Cashback (Get refund as you trade)
  • 100% deposit bonus (Earn bonus as much as your deposit. * Terms apply)
  • VPS-server (Free VPS servers for $450 deposit)

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Customer Service

FBS customer service works 24/7. Agents are available via live chat, phone, callback and email. The customer service also provides support through messaging applications such as Facebook Messenger, Telegram and WeChat. FBS representatives speak English, Indonesian, Malay, Chinese, Japanese, Korean, Arabic, Urdu, Spanish, Portuguese, Vietnamese, Thai, German, Italian and French.


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Conclusion

As a result, FBS offers customers as if they were two different companies depending on the region where they are located. European customers may have limited service due to regulations, not related to FBS, but when you work with a Belize-based company, they offer far more competitive spreads, commissions, leverage and minimum deposit amounts. The company tries to attract customers by organizing events such as seminars and fairs. FBS has a 10-year history and has received awards from many financial institutions and magazines during this period. You can experience the terms of the transaction by opening a demo account with FBS.

Open a Demo Account

Tags:

Specification: FBS

Location
Regulators

CySec, IFSC

Trading Platforms

MT4, MT5, MT Mobile

Tradeable Products

Forex, CFDs

ECN Order Processing

Yes

Number of Products

90

Leverage

1:3000

Islamic Swap-Free Account

Yes

Minimum Deposit

$1-1000

Money Transfer Options
Multilingual Customer Support

No

Micro Lot Trading (0.01)

Yes

Spread Index

2.88

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Expert Score 7.5
Regulation Reliability
7.5
Expenses
7.5
Spread
7.5
Diversity of Products
8
Promotions
8.5
Money Transfer Options
8
PROS:
  • Award winning brokerage firm
  • Bonuses and promotions
  • High leverage for non-European countries
  • Seminars and fairs
CONS:
  • Limited number of products
  • Low leverage for European countries
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